Penobscot Wealth Management Reduces Stock Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Penobscot Wealth Management lessened its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 392,390 shares of the company’s stock after selling 4,409 shares during the period. SPDR Portfolio S&P 500 ETF accounts for 14.8% of Penobscot Wealth Management’s holdings, making the stock its 2nd biggest position. Penobscot Wealth Management owned about 0.11% of SPDR Portfolio S&P 500 ETF worth $21,935,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SPLG. Community Bank N.A. increased its position in SPDR Portfolio S&P 500 ETF by 5.7% during the 4th quarter. Community Bank N.A. now owns 18,850 shares of the company’s stock worth $1,054,000 after buying an additional 1,014 shares during the period. Atria Wealth Solutions Inc. increased its position in SPDR Portfolio S&P 500 ETF by 11.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 399,476 shares of the company’s stock worth $22,331,000 after buying an additional 40,031 shares during the period. Capital Advisors Ltd. LLC bought a new position in SPDR Portfolio S&P 500 ETF during the 4th quarter worth $680,000. National Wealth Management Group LLC increased its position in SPDR Portfolio S&P 500 ETF by 4.5% during the 4th quarter. National Wealth Management Group LLC now owns 36,772 shares of the company’s stock worth $2,056,000 after buying an additional 1,590 shares during the period. Finally, Larson Financial Group LLC increased its position in SPDR Portfolio S&P 500 ETF by 4.4% during the 4th quarter. Larson Financial Group LLC now owns 263,328 shares of the company’s stock worth $14,720,000 after buying an additional 11,072 shares during the period.

SPDR Portfolio S&P 500 ETF Stock Down 0.4 %

Shares of SPLG traded down $0.24 during trading hours on Thursday, hitting $59.22. 9,815,066 shares of the company were exchanged, compared to its average volume of 8,881,428. The company has a market cap of $32.74 billion, a price-to-earnings ratio of 25.72 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a fifty-two week low of $47.48 and a fifty-two week high of $61.69. The firm’s fifty day moving average is $60.14 and its 200 day moving average is $56.26.

SPDR Portfolio S&P 500 ETF Company Profile

SPDR Russell 1000 ETF (the Fund), formerly SPDR Dow Jones Large Cap ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded the United States equity securities.